Saudi Arabia to see potential $10bn windfall from MSCI upgrade
Index review
Saudi Arabia has been upgraded by the MSCI
Saudi Arabia has been upgraded by index provider MSCI to sit in its Emerging Market index for the first time, following its semi-annual review, while Argentina also re-enters the index after being downgraded in 2009.
The move, which came as part of MSCI's Semi-Annual index review, was based on changes by the country including a signficant improvement in the registration process for qualified foreign financial institutions...
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